When something is paid in advance and must be expensed over one or more months in the future, accounting professionals must properly record the expense in a timely manner. The normal method for making this monthly entry is to use a journal entry (debit expense, credit prepaid expense). Advertisement. Many businesses make use of one Prepaid Expenses asset account in which several prepaid expenses commingle.
Homeopathic remedies are regulated by the U.S. Food and Drug Administration (FDA). However, FDA does not evaluate the remedies for safety or effectiveness. Several key concepts of homeopathy are inconsistent with fundamental concepts of chemistry and physics.
Any homeopathic practitioner who is not licensed to practice medicine can operate as a âcounselor,â offering advice for healthful living. This is a great option if you want to help others by sharing your homeopathic knowledge without incurring the significant costs in money and time of attending medical school.